The Competition Commission of India (CCI) has approved a proposed corporate restructuring that will merge six hotel entities and related share acquisitions into InterGlobe Hotels Private Limited (InterGlobe Hotels). The regulator granted clearance for the combination that encompasses AAPC India Hotel Management Private Limited (AAPC India), Caddie Hotels Private Limited, Triguna Hospitality Ventures (India) Private Limited, Srilanand Mansions Private Limited, Techpark Hotels Private Limited and Accent Hotels Private Limited. The decision follows a filing that outlined the scope of the transaction and the entities involved. The approval formalises the transfer of ownership stakes and the legal amalgamation of the stated companies into InterGlobe Hotels.

InterGlobe Enterprises Private Limited, which is wholly owned and controlled by the Bhatia Family, is identified in the filing as an investment holding company. The filing also notes that AAPC Singapore Pte. Ltd., a wholly owned subsidiary of global hospitality major Accor S.A., provides hotel management consultancy services outside India. The document states that InterGlobe Hotels, AAPC India, Triguna and Caddie are jointly owned and controlled by the Bhatia Family Group and the Accor Group, and that the combination aligns ownership and management arrangements across the implicated businesses.

InterGlobe Hotels is described as being engaged in developing and owning Accor branded hotels that are managed by AAPC India, in addition to leasing office and commercial spaces and providing captive consultancy and support services within India. AAPC India is noted to be responsible for managing and franchising Accor branded hotels across the country while also offering consultancy services for the hospitality chain. The filing emphasises the operational relationships between the manager, franchisor and owner entities in the Accor branded portfolio.

Triguna is characterised as functioning primarily as an investment holding company, while Caddie is reported to own and develop Accor branded hotels and to lease commercial office space within a hotel property in Delhi. The three wholly owned subsidiaries of Triguna—Srilanand Mansions, Techpark Hotels and Accent Hotels—are noted to be engaged in owning and developing Accor branded hotel properties. The CCI approval concludes the regulator review of the proposed transaction.